NYSE$NVR

NVR Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

NVR reported a decrease in net income and revenue for Q4 2023 compared to Q4 2022.

NVR, Inc. announced a decrease in net income and revenue for the fourth quarter ended December 31, 2023. Net income decreased by 10% to $410.1 million, and diluted earnings per share decreased by 9% to $121.56. Consolidated revenues decreased by 10% to $2.43 billion.

  • Net income for Q4 2023 was $410.1 million, a 10% decrease compared to Q4 2022.
  • Diluted earnings per share for Q4 2023 decreased by 9% to $121.56.
  • Consolidated revenues for Q4 2023 totaled $2.43 billion, a 10% decrease compared to Q4 2022.
  • Homebuilding new orders in Q4 2023 increased by 25% to 5,190 units.

Headline financials

Total Revenue

$2.43B

Previous: $2.71B-10.3%
EPS (adj)

$121.56

Previous: $133.44-8.9%
Avg. Sales Price of Orders

$451K

No prior period
Settlements

5.3K

Previous: 5.7K-7.3%
Loan Closings

$1.5B

Previous: $1.52B-1.9%
Capture Rate

88.0%

Previous: 80.0%+10.0%
Effective Tax Rate

15.3%

No prior period
Capital Expenditures

$6.35M

Previous: $6.46M-1.7%
Net Income

$410M

Previous: $455M-9.8%
Operating Income

$461M

Previous: $555M-16.9%
Gross Profit

$539M

Previous: $555M-2.9%
Stock-Based Comp

$26M

Previous: $24.1M+8.0%

Revenue & EPS history

NVR · Revenue · Quarterly

$2.43B

Q4 2023-10.3%vs Q4 2022
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

NVR · $62.9M total across 1 segment · Q3 2023

  • Mortgage Banking
    $62.9M+49.0%

Forward guidance

NVR did not provide specific forward guidance in this earnings report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2023

Historical avgQ4 2023

+0.8%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+0.7%

Avg return

30 days after

46%

32 / 69 earnings

Positive

+11.9%

Q4 2016

Best reaction

-8.8%

Q2 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.5%-6.5%-13.1%
Q4 2025+1.6%+2.9%+0.2%
Q3 2025-1.3%-4.5%-5.2%
Q2 2025-1.2%-0.6%+1.4%
Q1 2025+1.1%+0.9%+1.2%
Q4 2024-3.8%-4.4%-14.3%
Q3 2024-2.5%-3.4%-7.3%
Q2 2024-2.7%-0.5%+4.0%
Q1 2024-0.1%-2.0%-5.3%
Q4 2023-0.4%+3.0%+7.3%
Q3 2023-2.3%-2.2%+13.0%
Q2 2023+2.4%+1.8%-2.6%
Q1 2023-4.8%-2.1%-5.6%
Q4 2022+6.7%+5.2%+3.9%
Q3 2022+3.4%+5.6%+11.2%
Q2 2022-2.1%-1.6%-2.2%
Q1 2022+0.2%+0.5%-0.1%
Q4 2021+3.1%-1.0%-7.5%
Q3 2021-3.5%-3.6%+3.3%
Q2 2021+2.3%+2.7%+5.3%
Q1 2021-1.6%+0.5%-5.1%
Q4 2020-2.0%-0.6%-0.8%
Q3 2020-0.2%-1.1%-0.8%
Q2 2020+10.5%+16.0%+25.2%
Q1 2020-0.0%+11.1%+10.1%
Q4 2019-1.2%-3.3%-5.1%
Q3 2019+1.1%-0.1%-4.9%
Q2 2019-0.3%-3.6%-0.2%
Q1 2019+4.2%+1.0%+5.3%
Q4 2018+1.6%+5.1%+6.3%
Q3 2018-3.6%-3.4%+6.7%
Q2 2018-8.8%-12.1%-17.2%
Q1 2018+0.6%+0.9%-2.5%
Q4 2017-8.4%-10.6%-16.4%
Q3 2017+11.1%+10.5%+12.4%
Q2 2017+8.9%+9.5%+9.7%
Q1 2017-3.0%-3.5%+7.8%
Q4 2016+11.9%+10.4%+13.4%
Q3 2016-2.4%-3.8%-1.3%
Q2 2016-1.3%-1.7%-4.0%
Q1 2016-2.9%
Q4 2015+3.9%
Q3 2015+4.7%
Q2 2015+3.8%
Q1 2015+2.1%
Q4 2014-3.0%
Q3 2014+7.5%
Q2 2014+7.8%
Q1 2014-6.4%
Q4 2013+10.3%
Q3 2013-2.4%
Q2 2013-0.3%
Q1 2013-0.3%
Q4 2012+5.4%
Q3 2012+3.3%
Q2 2012+5.0%
Q1 2012+1.6%
Q4 2011-1.7%
Q3 2011-1.1%
Q2 2011-5.2%
Q1 2010-0.1%
Q1 2011-1.0%
Q4 2008+1.9%
Q4 2010+1.9%
Q3 2009+2.9%
Q3 2010+2.9%
Q2 2009-0.5%
Q2 2010-0.5%
Q4 2009-0.5%

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